Sugden, Robert - In: The European Journal of the History of Economic Thought 12 (2005) 1, pp. 113-118
This paper argues that the theory of action proposed by Hume in the Treatise does not imply that individuals are rational in the sense of modern choice theory. An individual's behaviour is non-rational if his/her choices systematically contravene the consistency axioms of the theory, and if the...